Zheng Quan Zhi Xing·2025-05-21 11:42Core Viewpoint - The credit rating for China Southern Airlines' convertible bonds remains unchanged at AAA, with a stable outlook, indicating strong financial health and creditworthiness [1][2]. Group 1: Rating Information - Previous bond rating was AAA; issuer rating was AAA; outlook was stable [1]. - Current bond rating is AAA; issuer rating is AAA; outlook remains stable [2]. - The rating results have not changed compared to the previous assessment [1][2]. Group 2: Rating Agency and Report - The rating was conducted by United Ratings Co., Ltd. [1]. - The comprehensive analysis and evaluation were based on the company's financial status [2]. - The full report titled "China Southern Airlines Co., Ltd. Convertible Bond 2025 Tracking Rating Report" is available on the Shanghai Stock Exchange website [2].